The proposed bill, General Assembly Proposed Bill No. 5040, aims to amend chapter 134 of the general statutes by increasing the income limits for the Connecticut Housing Finance Authority's first-time homebuyer assistance programs. Specifically, the bill proposes to set the income limit at one hundred twelve thousand dollars per person, rather than per household, for individuals employed in health care, emergency services, and teaching professions. This change is intended to provide greater support for first-time homebuyers in these critical fields.

The bill reflects a targeted approach to assist individuals in professions that are essential to community well-being, thereby potentially making homeownership more accessible for them. By adjusting the income criteria, the legislation seeks to address the financial challenges faced by these professionals, ensuring they can benefit from the assistance programs designed to facilitate home buying in Connecticut.